But the company had stronger earnings from its Mercedes-Benz luxury car division and raised its profit forecast for the year, saying earnings will increase slightly even as it spends heavily on new technology.

The previous outlook was for earnings about the same as last year's.

For the first quarter, net profit was 2.35 billion euros ($2.85 billion), down from 2.65 billion euros a year earlier, when the company's Mitsubishi Fuso truck business sold real estate worth 267 million euros. It also booked a gain a year...

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